2022
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GDP
$27.8BCURRENT US$
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2012-2022
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GDP GROWTH
88.7%CURRENT US$
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2022
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 GDP
$291BCURRENT US$
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2012-2022
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GDP GROWTH
39.3%CURRENT US$
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2022
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GDP PC 
$72,903CURRENT US$
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2012-2022
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GDP PC GROWTH
58.5%CURRENT US$
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2022
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GDP PC
$27,638CURRENT US$
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2012-2022
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GDP PC GROWTH
39.1%CURRENT US$
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About

Iceland-Czechia In 2022, Iceland exported $106M to Czechia. The main products that Iceland exported to Czechia are Raw Aluminium ($92.8M), Fish Fillets ($3.82M), and Magnesium ($2.32M). During the last 27 years the exports of Iceland to Czechia have increased at an annualized rate of 16.6%, from $1.68M in 1995 to $106M in 2022.

In 2019, Iceland exported services to Czechia worth $20M, with Travel ($15M), Transportation ($2.91M), and Royalties and license fees ($1.23M) being the largest in terms of value.

Czechia-Iceland In 2022, Czechia exported $85.5M to Iceland. The main products that Czechia exported to Iceland were Cars ($38.3M), Computers ($8.01M), and Prefabricated Buildings ($5.91M). During the last 27 years the exports of Czechia to Iceland have increased at an annualized rate of 10.1%, from $6.3M in 1995 to $85.5M in 2022.

In 2019, Czechia exported services to Iceland worth $6.6M, with Transportation ($3.58M), Travel ($1.9M), and Computer and information services ($560k) being the largest in terms of value.

Comparison In 2022,  Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index. That same year, Czechia ranked 7 in the Economic Complexity Index (ECI 1.55), and 30 in total exports ($237B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Iceland exported $106M to Czechia. The main products exported from Iceland to Czechia were Raw Aluminium ($92.8M), Fish Fillets ($3.82M), and Magnesium ($2.32M). During the last 27 years the exports of Iceland to Czechia have increased at an annualized rate of 16.6%, from $1.68M in 1995 to $106M in 2022.

In 2022, Czechia exported $85.5M to Iceland. The main products exported from Czechia to Iceland were Cars ($38.3M), Computers ($8.01M), and Prefabricated Buildings ($5.91M). During the last 27 years the exports of Czechia to Iceland have increased at an annualized rate of 10.1%, from $6.3M in 1995 to $85.5M in 2022.

Exports from Iceland (Flag) to Czechia (Flag) (2022)

Exports from Czechia (Flag) to Iceland (Flag) (2022)

Latest Data

Trade between Iceland (Flag) and Czechia (Flag)

Iceland Exports

Czechia Exports

Market Competitiveness

Color
Iceland
Top Destination
Netherlands$1.97B
Czechia
Top Destination
Germany$75.3B

This map shows whether countries import more from Iceland or Czechia. Each country is colored based on the difference in imports they receive from Iceland and Czechia or the difference in the growth in imports.

In 2021, countries that imported more from Iceland than Czechia were Greenland ($28.2M), Bahamas ($20.1M), and Antigua and Barbuda ($8.12M).

In 2021, countries that imported more from Czechia than Iceland were Germany ($75.3B), Slovakia ($19.7B), and Poland ($16.2B).

Difference in imports from Czechia (Flag) and Iceland (Flag) (2022)

Comparative Advantage Iceland - Czechia

Flow
Scale

This chart compares trade between Iceland and Czechia by product, considering products traded by both, Iceland and Czechia.

During 2022, Iceland had a large net trade with Czechia in the exports of Metals ($97.1M), Animal Products ($4.46M), and Foodstuffs ($2.15M).

During 2022, Czechia had a large net trade with Iceland in the exports of Transportation ($41.7M), Machines ($17.3M), and Miscellaneous ($9.6M).

Service Trade

Bilateral Service Trade

In 2019, Iceland exported services to Czechia worth $20M, with Travel ($15M), Transportation ($2.91M), and Royalties and license fees ($1.23M) being the largest in terms of value.

In 2019, Czechia exported services to Iceland worth $6.6M, with Transportation ($3.58M), Travel ($1.9M), and Computer and information services ($560k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Iceland (Flag) to Czechia (Flag) (2019)

Services Exports from Czechia (Flag) to Iceland (Flag) (2019)

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Iceland has comparative advantage over Czechia. Similarly, the more yellow a dot/product is, the more Czechia has comparative advantage over Iceland.

Product Space of Iceland (Flag) and Czechia (Flag) (2022)

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